Category: Europe

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Today in Crypto: Digital Asset Product AUM Surged to $31.7 Billion in October, Binance Validated 300 User-suggested Features

October 27, 2023

Source: AdobeStock / okawa Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________ Investment news In October, the total assets under management (AUM) for digital asset products surged by 6.74% to reach $31.7 billion, marking the first increase since July 2023,…
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How major German firms like Mercedes and Lufthansa are using NFTs

October 27, 2023

German brands embrace NFTs, exploring new ways to engage with customers and build brand loyalty. For the most part, nonfungible tokens (NFTs) have two primary use cases: Buying and selling digital products (digital art, virtual fashion items) and building digital communities (exclusive memberships, access to events).  These use cases can be easily adopted by brands…
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Central Bank of Spain Embraces Digital Euro, Highlights Benefits for Customers

October 26, 2023

Source: Pixabay / Hans Banco de España, Spain’s central bank, is aligning with its European counterparts to introduce their customers to the possibilities of the digital euro, a central bank digital currency (CBDC). In a move that signals the central bank’s proactive stance, a brief document was released on October 19, shedding light on the…
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Europe May Utilize Blockchain to Fix Bureaucracy as Authorities Suggests Use of “Digital Technologies”

October 25, 2023

Source: AdobeStock / Grecaud Paul The European Union (EU) plans to improve the administration processes in all member nations by deploying digital strategies, a new Commission paper reads. A new EU report has placed the digitization of processes at the top of overhauling age-long bureaucracies as it aims to achieve modern and contemporary standards for…
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Bank of Spain embraces ‘digital euro,’ explains its benefits

October 25, 2023

The digital euro will make electronic payments a vital piece of the financial system, the statement claims. Banco de España, Spain’s central bank, has joined a chorus of European banking institutions preparing their customers for the potential benefits of a digital euro. The central bank published a short text on Oct. 19 explaining the nature and…
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Data Protection Bodies Call For ‘Privacy Threshold’ in Digital Euro Transactions

October 21, 2023

Ensuring low-value digital euro transactions are not traced is one of the recommendations made by two data protection agencies in the EU. The independent bodies have presented their joint opinion on the proposed regulation for the upcoming digital version of Europe’s common fiat currency. Independent EU Regulators Insist on Embedding Data Protection in the Design…
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Binance shutting down European Visa debit card in December

October 21, 2023

Mastercard ended its partnership in Latin America and Bahrain with Binance in September, possibly due to the regulatory environment. Binance Visa debit card services will close down in the European Economic Area (EEA) on Dec. 20, according to an announcement by the cryptocurrency exchange on Oct. 20. Binance exchange accounts will be unaffected. According to…
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Greece establishes AI advisory committee to create national strategy

October 20, 2023

The Greek prime minister created an AI advisory committee comprising some of the country’s top tech, ethics and science professionals. Greek Prime Minister Kryiakos Mitsotakis announced the establishment of an advisory committee to create a national strategy for artificial intelligence (AI) in Greece on Oct. 19. The Greek government said the “exponential pace” of AI…
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EU data protection regulators urge anonymity for smaller transactions in digital euro

October 20, 2023

The European Data Protection Board and the European Data Protection Supervisor issued a joint opinion statement on regulating a digital euro. On Oct. 18, the European Data Protection Board and the European Data Protection Supervisor issued a joint statement on regulating a digital euro, as proposed by the European Commission in July 2023. The regulators made several…
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Crypto exchange Binance restores euro services after new fiat partners

October 20, 2023

Euro payments, deposits, and withdrawals are back on for European Binance users months after the severance of services by PaySafe. Crypto exchange Binance has announced it has onboarded new partners to handle euro deposits and withdrawals, months after losing its previous fiat partner PaySafe in September.  In an Oct. 19 statement, Binance announced that it…
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